Volkan Furuncu | Anadolu Agency | Getty Images Investors looking to put money into US and China internet giants should be cautious as these companies are facing a myriad of challenges, strategists told CNBC. Investment bank Macquarie said large consumer tech companies like Facebook and Amazon are in the “sunsetting” phase. “You have to be … Read more
Citizens try out a virtual reality experience at the opening of Cheonan Qianshu Shopping mall, Shanghai, China, On December 22, 2021. Virtual reality is a key part of the concept of the metaverse. Xing Yun | Costfoto | Future Publishing | Getty Images Imagine this: the metaverse with Chinese characteristics. That’s how the virtual world … Read more
Budrul Chukrut | LightRocket | Getty Images Shares of Chinese ride-hailing firm Didi fell in pre-market trade in the US Friday after Tencent clarified that it did not increase its stake in the company. A regulatory filing on Thursday appeared to show that Tencent added around 1.78 million Didi Class A Ordinary shares at the … Read more